Sunrise around the Bund River Circle on November 02, 2023 in Shanghai, China.
James D. Morgan | Getty Images News | Getty Images
Asia-Pacific markets were higher on Tuesday after gains on Wall Street S&P 500 and the Nasdaq Composite bounced back from its worst week of the year.
The S&P 500 gained 1.16% after posting its worst week since March 2023. The Nasdaq Composite also rose 1.16% after its worst week in more than two years.
In Asia, traders will analyze August trade data from China and India.
In August, China’s exports increased by 8.7% year-on-year, while imports increased by 0.5%.
In July, exports increased by 7% compared to a year ago, and imports increased by 7.2% compared to the previous year.
Apple has wrapped up an event at its headquarters in Cupertino, California, where the company unveiled the iPhone 16 Pro and iPhone 16 Pro Max, joining the previously announced iPhone 16 and iPhone 16 Plus. These are Apple’s more premium phones with better screens and cameras than the regular models.
Pre-orders for the new iPhones begin on Friday and go on sale on September 20.
Overnight in the US, the Dow Jones Industrial Average followed gains in the S&P and Nasdaq, ending 1.2% higher after the 30-stock index lost more than 1,200 points last week.
—CNBC’s Pia Singh and Lisa Kailai Han contributed to this report.
